Oil prices surged over $100, hitting $119/barrel due to Middle East conflict, with Kuwait and UAE reducing output because storage is at max capacity and Strait of Hormuz is closed.
Bill Baruch
Oil energy shock is ripping through all asset classes: bonds tumbling on stagflation fears, dollar getting safe-haven bid, pressuring precious metals.
Bill Baruch
Gold technical analysis: wide range $5021-$5210, break below $5020 could test $5000 where longer-term holders might reduce positions.
Bill Baruch
Silver technical analysis: range $79.64-$85.30, with high volatility at 79.13.
Bill Baruch
Copper caught between bullish structural fundamentals (AI infrastructure, energy transition, supply deficits) and bearish near-term macro risk from Iranian conflict and global growth concerns.
Bill Baruch
ETF flows: gold holdings cut for fifth straight day, silver sold, gold ETFs down 0.1%, silver ETFs down 0.6%.
Bill Baruch
Stock futures under pressure but off lows; markets pricing in stagflation fears.
Bill Baruch
Fed watch tool shows first rate cut priced for September with two cuts expected this year.
Bill Baruch
Dollar index elevated at 99.54, 10-year yields at 4.18% off highs of 4.22%.
Bill Baruch
VIX at 28 - if goes above 30 signals panic conditions, makes trading difficult with large intraday moves.
Bill Baruch
European stocks slumped third straight day, Asian stocks tumbled with MSCI Asia-Pacific down 5.6% - biggest drop in 11 months.
Bill Baruch
US equities technical analysis: looking at 2020 COVID lows, 2022 peaks and bear market, April lows from tariff tantrum - shows upward channel.